(a) The funds collected under the provisions of this chapter relating to the first one and one-half percent (1.50%) shall be allocated in such a manner as may be determined by Council.
(b) The funds collected under the provisions of this chapter relating to the remaining one-quarter of one percent (0.25%) levy shall be held in a separate fund known as the “Municipal Earned Income Tax for Street Capital Fund” and shall be used entirely for the construction, reconstruction, resurfacing, or maintenance of streets, alleys, bridges, curbs and gutters in the City and the costs incidental thereto.
( Ord. A-2809. Passed 12-8-14.)